Jesse Eisinger on Deregulation and Credit Crisis
Both John McCain and Barack Obama responded quickly to the turn of events on Wall Street this week. Early Monday, McCain said “the fundamentals of our economy are strong” but are threatened by greed on Wall Street. He released a new ad saying “our economy is in crisis” and that “only proven reformers McCain and Palin can fix it.”
On Monday, Obama attributed the crisis to lax regulation, which he linked to President Bush and McCain. Today, the Obama campaign released a new ad attacking McCain’s assertion that the economy is strong. “How can John McCain fix our economy if he doesn’t understand it’s broken?” the ad asks.
Wednesday, September 17, 2008 | 03:00 AM | Permalink
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Comments
Basic understanding of English breaks down.
What did McCain ever reform?
Palin has never reformed anything and only has had a slight hand in governing.
“only proven reformers McCain and Palin can fix it.” Can somebody please provide evidence for a foundation for this statement?
Posted by: Kato Bernanke with a Black Box | Sep 17, 2008 3:22:11 AM
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